2) When they finally started hiking rates, they did so in an extremely slow fashion. The real Fed Funds Rate (Fed Funds minus inflation) only turned positive last September, ending the longest streak with a negative real FFR in history at 124 months.

3) The prior record of easy money lasted 39 months, from Oct 2001 to Dec 2004. Many believe this was one of the principle causes of the housing bubble that peaked in 2006. The easy money period that ended in 2018 exceeded that record by over 7 years.

4) The US economic expansion will be the longest in history in July, Unemployment Rate is at a 50-yr low (3.6%), # job openings is a record 1.6 million higher than # of unemployed, & there's been 104 straight months of job growth (longest in history).

6) During the 2007-09 recession, the Fed increased its balance sheet from $890 billion to $2 trillion (QE1). After the recession ended, they added another $2.5 trillion (QE2/3). Today, the balance sheet is still at $3.8 trillion.

5) following the herd & fighting the last war can be treacherous to returns while respecting reversion to the mean can be additive.6) staying the course during market declines, while not easy, is a long-term investor’s best friend (“don’t do something, just stand there”)...

#History
In this interview, Dr Ambedkar speaks on M.K Gandhi.(BBC Radio)
He talks of the role of Bose too in the freedom struggle.
Sharing for people to know the history weren't taught.
(Due to video length limit sharing in 2 parts)
P. S : It's there in the public domain. Sorry, your browser doesn't support embedded videos

🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
*Statement: bit.ly/2EujhqH

🇺🇸🇨🇳🇪🇺 In a volley of filings, the EU, #China and the U.S. this week escalated disputes over new U.S. metals tariffs, the European response to those levies, and Chinese intellectual property practices - Bloombergbloomberg.com/news/articles/…

#History/#Art thread – From my recent trip to Madurai/Tirunelveli. On Jain sites (some with a rich history dating back to at least the 3rd cent. BCE), early Pandyan rock-cut cave temples (7th-8th cent. CE) & the amazing Vettuvan koil.

Pic: Mahavira (~8 cent CE), Kizhakuyilkudi

Before I start on the places, the history around all this is fascinating & splits opinion. Is it apt to call the script Tamili/Tamil Brahmi? Did it develop independently in the Tamil country/come with the Jain monks from the north? Were 8,000 Jains actually impaled in Madurai?>

>Were the Saivites overaggressive in promoting their faith? Shall only be happy to discuss on these separately (unless it gets too long/irrational). And I’m not posting every inscription from the places here, despite their importance. Again, shall be happy to discuss them.